We investigate theoretically the spectral and dynamical effects of the short-range exchange interaction between a single manganese (Mn) atom hosted by cylindrical CdTe quantum dots and its light-hole excitons or biexcitons. Our approach is based on the Kohn-Luttinger KP theory and configuration interaction method, the dynamics of the system in the presence of intraband relaxation being derived from the von Neumann-Lindblad equation. The complex structure of the light-hole exciton absorption spectrum reveals the exchange-induced exciton mixing and depends strongly on the Mn position. In particular, if the Mn atom is closer to the edges of the cylinder the bright and dark light-hole excitons are mixed by the hole-Mn exchange alone. Consequently, their populations exhibit exchange-induced Rabi oscillations which can be viewed as optical signatures of light-hole spin reversal. Similar results are obtained for mixed biexcitons, in this case the exchange-induced Rabi oscillations being damped by the intraband hole relaxation processes. The effect of light-hole heavy-hole mixing is also discussed.
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